47
submitted 4 months ago by Beaver@lemmy.ca to c/worldnews@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] Virkkunen@fedia.io 10 points 4 months ago

The guy in the thumbnail (Fernando Haddad, Brazil) has been very effectively taxing everyone except the rich and super rich. The super rich got annoyed that people were buying things from China instead of their resale so he decided to intervene by forcing an import tax of 60% + state tax (between 10% and 20%) over every imported product. Of course, the rich importing these same products to resell on a hefty price increase pay 0 taxes because "they're protecting the national industry".

this post was submitted on 27 Jul 2024
47 points (98.0% liked)

World News

32372 readers
785 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS